REGISTERED CHARITY NUMBER: 208381 UNAUDITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR RSPCA - ESSEX SOUTH WEST BRANCH
RSPCA - ESSEX SOUTH WEST BRANCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Trustees 1106 Independanl Examiner's Report Statement of Financial Activities Statement of Financial Position NotOS to the Flnancial Statements 10t014 Detailed Statement of Financial Activities 15
RSPCA - ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Committee present ils reports and the financial statements for the year tsndod 31 December 2023. The Trustees have adopted the provSslons of the Stslemenl of Recommended Pra¢tl¢a ISORP) 'A¢untIng and Reporting by Charities,. OBJECTIVES AND ACTIVITIES ObJe¢tlves The objectives of the Essex South West Branch Ilhe Branch) are lo support and adhere lo the National RSPCA Society Ilhe Society) policies and procedures- lo promote kindness and lo prevent orsuppTess cruelly lo animals and lo do all suoh lawful acts as the Society may consider lo be conducive or incidental to the allainrllenl of those objects. The objectives of the Branch are with particular reference to the area covered by the Branch. ranging from Dagenham & Barking in the South to Epping & Nazeing in the North, Wallham Abbey to the Wesl and Abridge to the East, in accordance with the policies of the Society. Advancement of animal welfare Animal welfare ¢on¢&rn is our lop priority. The Branch racognis8S onimal walfarè as a distinctive charitable purpose and focusss its work on prevenllon of cruolly, providing veterinary care and Irealmenl to animals in need, providing supported care with fully trained staff al th& Bed and Biscuits Kennel & Callery IB&B) based in Romford. and re-homing animals entrusted into our care to a lovlng home when a qualified vel has given them a clean bill of health. The Branch animal welfare, although local in nature, has a ¢ompassional6 and ethical approach which benefits the lar9er society and continues lo help people in n88d and address issues of animal suffering Sn general. Significant activities The Branch supports the Society's inspeclorale in their work by providing financial assistance and emergency accommodation for mistreated or abandoned animals. including pets whose owners suffer ill health or financial difficullies or pass away. in accordance with the Society's standards. On a case-by-case basis, the Branch will also accept animals from the public, prioritising those cases where the animal is in distress andlor injured. In ¢as&s where the Branch decides not to support the animal we would always look lo advise or re~direct to other charities more suitable for the situation. All animals under our care, where appropriate. receive veterinary trealmenls. vaccination. neutering, micro- chipping and are assessed for rehoming. Vaccinations and neutering help control the incidence and spread of disease and suffeTing. The work benefits our local ¢ommunily, including 10¢818ulhorities, as il reduces the incidences of abandonment and cruelly and the public knows that w& assist animals in need. Publ1¢ benefit In shaping the Sociells oblectiv&s and planning our a¢tivi118S, the Trusloes havo complied with the duty in Section 17 of the Charities Act 2011 to have due regard lo publlc benefit guldance published by the Charilles Commission. The Branch supports the Cat Protection (previously named C4} Free Neutering for Cats Scheme which helps members of the public by offering free and affordable neutering trealTnenls to pel owners who are unable to afford Othenlse. The aim is to help population control and to prevent unwanted litters being born into an uncertain future. We advocate kindness lo animals and provide information and advice lo the lo¢al community including young people. with the aim of devek)ping empathy lo animals at a young age and prevent cruelly in the future. We establish networking with other charities in sharing knowledge and skills and providing volunt8ering opportunities lo those who wish lo help and participate in activities that wll help us to achlave our work in animal welfare. ACHIEVEMENT AND PERFORMANCE Charltable activities The Essex South Wesl Branch, Ilke all RSPCA branches. is financially independent of the Society, allhough we often receive an annual grant from them. Our income derives mainly from donations, legacies, adoption fees and fundraising events. Page 1
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE {CONTINUEDI Charitable activities {continuèdl Due lo the Branch's boarding eslablishmonl relocating and the now temporary pens not meeting the required standards until formally approved by tho Society, no animals were tsken in or rehomed during that period. Simultaneously. the veterinary contract expirod, and efforts w&r& underway lo secure new veterinary services, resulting in a significant reducllon In anlmal wèlfare acllvlty. At the start of 2024 ws entered a new contract with B&B lo hire 7 pens for boarding our cats, and our animal welfare activities successfully resumed using local veterinary services. On 1 April 2024 we entered a new conliacl with Cedar Palm Vets. Unfortunately. the Branch still do8s not have a trained dog Behaviorisl, as a rosull of which no dogs were rehomed. In our care 2023 (20221 2023 (20221 2023 2023 0221 Euthanl8ed or died In our ¢ar8 31112123.. In foster care 31112122.. At B8B In foster Taken Into our Re-homed Transferrgd to RSPCA anlrnal centers or lalmèd by ownar At B&B care care Cats Dogs Total 46 118 Th8 numbers in braokels relale lo 2022 ligurss. 46 (?t81 46 (108) 46 108 Our Branch Facebook account is our main platform al present to promote the Branch work. In relation lo fundraising, a volunteer for the Society compleled the Jurassic Coast U51ra Challenge. doing an amazing job of raising over £400 for our Branch lincluding gift aid). Investment performance A review of investmsnl performance is included in the investment section within the financial review section. FINANCIAL REVIEW Investment policy and objectives The Trustees have wide powers of investment govemed and reslricled by the Royal Society for the Preventlon of Cruelty lo Animals Investment A¢1 1958. The Branch needs lo have quick and easy access lo sufficient funds and so consid&r tha most appropriate policy to hold funds is iri a Bank Sanlander current and savillgs account. To increase th& return èarned on funds, £250,000 is held as income bonds with National Savings and Investments INS&II, earning interest currently al a rale of 3.65°kn AER. The Trustees conslder the future retum on the Branch's investments lo be salisfaclory. Reserves policy The Branch holds reserves in order that the level of servi¢e provided for animal welfare is maintained should there be a reduction in incomino resources. With thè uncertainty In our incomlng resources, we have kept our resetve policy lo a level that allows resilience and capacity to manage unforeseen financial difficulties. ReseNes relate to funds that are freely available for the Branch's gener81 purposes or Can bo rfjslricled if they are for a spe¢ific purpose only. The Trustees have established a policy whereby thé unrestricted funds not ¢ommitled and held by the Branch should be al least twelve months of the resouices expended. The resources expended in the year were £67,742 12022.. £82,822). The Branch has unreslricled reserves represented by net current assets of £328,561 12022.. £352,665), which covers the resources expended by 4.9 limes {2022.. 4.31. The adequa¢y of the reserves policy is reviewed annually. Page2
RSPCA - ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW (CONTINUED) Financial review A net expense of £24,104 resulted in the year12022'. nel income £83,121), which includ&s a negative adjuslrn8nl of £1.569 for legacy income recorded in 2022 {2022'. legacy income £123.2371. The major items of expenditure remain as boarding feos, veterinary ¢osls, adminislralion support wages Ivia an agency) and the Society regional conlribulion. The £107,225 dlfferenc$ compared lo last year is mainly due to no legacy income being received in 2023. Increased interest rates and higher cash balances resulted in significantly higher investment income of £6,197 in 2023 compared lo £452 in 2022. Direct charitable tsxpendilure reduced from £61,888 10 £48,955121%1 compared to 2022. due lo less cats being taken into our care {46 cats in 2023 compared lo 118 in 20221. Rehoming fees were similar compared lo last year as more pedigree cats were rehomed, where the adoption fee is higher. There are no restricted funds. Unreslricled funds of £328.561 compared to £352,665 in 2022, are general funds lo meet ongoing operaling expenditure. With the Ljncertainly in our incoming resources, we have keplour reserve pollcy lo a level that allows resilience and capacity lo manage unforeseen f1nancial diffi¢ullias. A budgetary projecllon for 2024 is lo make a loss due to unpredictability of funding e.g., legacy income. and that boarding and veterinary c051s, whi¢h have unfortLJnately increased under our new contracts, being greater than rehoming fees received. Although we have plans in place to increase our fundraising efforts, il is not expe¢led that this income will make up the full differen¢e. We enter 2024 with sufficient cash reserves to cover theso Iossos and lo maintain cash reserves al a suitable level. Going ¢on¢ern The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Branch lo continue as a going concern. The Trustees make Ihair assessm&nl in resp8¢t of a period of at least one year from the dale of authorisation for issue of the financial slalements. The Board of Trustees has a reasonable expectation that the Charily h8s adaquate resources lo continue in existence for the foreseeable future. FUTURE PLANS With animal welfare being the Branch's lop priorfty. the Trustees have agreed to concentrate on a few bul effective op8ralional, la¢ti¢al and strategic inilialives covering areas such as.. 1. Volunteers, to continue OUT volunteer recrultment drive. This includes new potential Trustees and building on our cat fostering network. 2. Fundraising, lo increase methods and Channels. 3. Marketing and Social Media, for exampl8 lo produce a quarterly newsleller and lo extend membership. 4. Education, currently this is through social media and we hope in the long term lo expand on this through, for example, visits lo schools and clubs. 5. Long t8rm development, for example, this may Involv8 d8v8lopmenl of our own caltery. This particular invtsslment would be funded by the Branch's cash reserves and ¢orporale sponsorships. In addition lo incrèasing tha Branch's capacity lo grow our animal welf8r8 activities and intake of animals, these inilialives may generate revenue to bolster future income. protect reserves. maintain our Ilquidily requirements and enable the reinveslmenl of broadening our animal we5fare. Lessons loaméd from 2022 highlighted capacity and capability challenges. Given that Branch Trustees are volunteers in full-time employment, administrative changes were made in 2023 to Increase support. In February 2024 we bolstered administrative support by splitting the role into two part-lime positions, via an agency, lo miligale any single point of contact and cover for absences. This adminislralive support enables Trustees to bring greater rigor around the development of policies, remain compliant, recruit volunteers and enable slralegic inilialives lo materialise. W$ look fomard to continuing the Branch work with a strong Board of Trustees, volunteers and our two Branch Adrninistralors, offering different skills and expertlse. Page 3
RSPCA - ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Branch is controlled by Ils governing document, a deed of twsl. The Branch is cons111uled as an unincorporated charitable association. The Branch operates as an autonomous branch of the Society subject to The Branch Rules 2012 alongside the accorllpanying updates of these rules lupdaled August 20221 and is $8paralèly registered with the Charity Commission. Organisational structure Committee members are elected at the Annual General Meeting IAGMI from the members of the Branch. Each candidate is nominated by at least two eligible branch members and must receive the voles of al least fifly per cent of the eligible branch members present and voting. All Committee Members musl ba Society members for minimum of thr80 months on appoinlmenl. Up lo three co-opted Committee members may b¢ co-opted by the Committee lo hold office until the nexl AGM. The Commillee may at any lime appoint a repla¢emenl Commillee member from eligible branch members to fill a caus21 vacancy. The Committee members are Trustees of the Branch and are briefed on their responsibili110s as Trustees prior lo their acceptance of the role. The Trustees hold meetings every 1-2 months at which declsions are madts, tasks are delegated for actions, risks are assessed and written reports on the Branch's financial position and a¢livilie$ are reviewed. Minutes of each meeting are kapl. The Society's anlmal welfare work is reported by the Sociells Chief Inspector in the London East Group and the Society's Branch Partnership Manager IBPMI. All Trustees are volunteers and the Trustees carry out their duties on a voluntary basis. Induction and training of new Trustees New Trustees are provided with an induction pack the Bran¢h has created lo ensure new Trusteès hav8 all the relevant literature required. Training is also provided by the Society. Risk management The Bran¢h has carried out a review lo identrfy major rfsks and has taken steps to mitigate them. The major risks identified are.. In8ufficienl Trustees and volunteers to continue., availability of suitable cal pens al private boarding 6slab11shmonls and veterinary services.. spiralling of nallonal veterinary costs., a reduction in fundraising activities that effect the level of proleclion of operating income and reserves., and adverse publicity and loss of reputation due lo misconceptions of our aclivilies. or due lo error or fraud. Du& lo reslru¢turing at the Society, the Branch also identified a resour¢e gap during 2023 with the BPM being absent at several Trustee meetings. The recent appointment of a new BPM in March 2024 is a welcome addition to the team. Al the dale of this report, il is the opinion of the Trustees that the Branches policies, procedures and controls are adequate lo minimise th6 possibility of financial loss through 8rror or fraud and lo maintain the future fnanCIal viability of the Branch. Related party relationships As dtss¢ribed above the Branch operates as a branch of the Socioly. Details of transactions with the Society and other branches of the Society are sel out in note 8. Page 4
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 208381 Principal addrèss 12 Conqueror Court Sitlingbourna Konl ME10 5BH Trustees Ms Manisha Aalkar Mr David Stewart Andrews - Chair Ms Sharon Jacqueline Gillett Treasurer Ms Joey Kapff {appointed 1610212023) Ms Chiara Khan- Deputy Chair 8nd Se¢relary {resigned 11112120231 Ms Laura Monaghan Independent Examiner Xeinadin South East Limited 12 Conqueror Court Sittingbourne Kent ME10 5BH Bankers Santander Business Banking Bridle Road Bootle L30 4G8 Page 5
RSPCA - ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 STATENENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Report of the Trustees and the financial slalemenls in accordance with appSi¢able law and United Kingdom Accounting Standards {Uniled King(Som Gènerally Accepted Accounting Pracli¢el. The law applicable to charilies in England and Wales. the Charities Act 2011. Charity (Accounts and Rèports) Regulations 2008 and Ihe provisions of the trust deed requires the Trustees to prepar8 financlal slal6mtsnls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incorlling resources and 8ppli¢8lion of resources, including the income and expenditure. of the charity for that period. In preparing those financial slalemenls, the Trustees are required to select suitable accounting polici&s and then apply them conslslenlly. observe the methods and princlplos in the Charity SORP. makejudgemenls and eslimales that are reasonable and prudent. prepare the financial stalemenis on the going concern basis unless il is inappropTiale lo presume that the charily will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and lo enable them lo ensura that the financial stalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and Ihe pmvisions of the trust deed. They are also responsible for safeguarding the assets of the chafily and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the Board of Trustees on 17 June 2024 and signed on its behalf by.. Ms S Gillett -Truslee, Treasurer Page 6
RSPCA - ESSEX SOUTH WEST BRANCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RSPCA - ESSEX SOUTH WEST BRANCH Independent examlner's report to thè Tru8t905 of RSPCA- Essex South West Branch Ith¢ ¢hailty) I report the charlly Truslees on my examlnalion oflh8accounts ofth& chatlty forthe year ended 31 December 2023. Rgsponslbllltlgs and basls of rèporl A5 the Trustees of the charity you ¥rtr r$sponsiblg for the preparallon of the accounts In a¢rdance wlth the reqU1mOnts of th8 Chailtles Aet 2011 {the 2011 Act). I report In respectof my 6xamlnatlon of the charSty's accounts chrrled out und&rsectlon 145 of the 2071 Act and In carylng out my examlnallon I have followed all appllcable Dlrecuons glven by the Charfty Comml881on under section 14515llbl of the 2011 Act. Independent examlnerfs statement Youralt6rTrtion Is drawn tothe fact that the charty has praparad thè ecei)unts In 8ccord8nco wlth Accountlng and Reporting by Charilles.. Slalemenl of Recornmended Practice applicable to charSlles preparfng their accounts In accordance wlth the Fin8nolal Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 In preference to the Accountlng and Reporting by Charftles- Slatemenlof Recommended Pracllce Issued on 1 Aprll 2005 whlch [8 referred to In thg extsnt regulallons bul ha3 been thdraWn. l understand that thi5 has been done In order for the accounts to provide a truè and falrview in accordance with th6 Gènerdlly A¢cept8d Accounting Pra¢ti¢g gff¢dive forreporting periods beginning on orafler 1 J8nuory 2015. I have completed my examination. I confirm thal matters have come to my attention in connedion with th8 exarnlnatlon glvlng me cause to belleve Ihat In any matsrlal Tespect.. accounung r8cordswèr9 not k8Pt In r&spect oftha ch8rfty88 requlred by8e¢Uon 130 oflh8 2011 Art. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply wth the applicab reqvlrements ojncernlng the fomi and cnntent of accounts set out In the charle5 (Aceounts and Report81 Regulations 2008 olherlh8n any requir8in8nt ihat lh8 accounts a ttrue and falrf view which Is nota matierconsldered as part of an independenl examlnadon. I have no con(ems Bnd have come across nootherm8ttors connectlon wlth the ox8mlnallon towhl¢h attonllon should be diawn in this report In order to enable a proper underslanding of th6 accounts to b8 rèad)6d. Thls report Is madg sol&ty to the charfty's Twste8$. as 8 tdy, In aOr{lanCe wllh Part 4 of the Charfllo8 (Accounts and Reports} Regulallons 2008. My work has been undertaken so that I might stats to tho charitys Twsl888 those m8tters l am r8qulred to Slate to them In an Independent examinerfs report and for no other purpos8. To the full83t extent permltted by law, I do nol accept or assume respon$lblllty to anyone olher than the charlty and Ih& charfty's Trustges 0$ 8 body, for my work or forthls report. Slgned.. -* Dated.. Flon8 Howard FCA CTA Addre85: Xelnadin South E881 Llmlted 12 Conqugror Court Siwngboume Kent ME10 58H Pagtr f
RSPCA - ESSEX SOUTH WEST BRANCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestrlcted funds Restricted funds Notes INCOMEANDENDOWMENTSFROM: Donations and legacies 981 981 127,139 Charitable a¢tivltSes Fundraising and collection boxes Subscriptions Other income Rehoming fees Society grant 393 521 92 12.360 23.094 393 521 92 12,360 23,094 1,086 400 118 13,530 23,218 Investment income 6,197 6,197 452 Total 43,638 43.638 165,943 EXPENDITURE ON: Charitable activities Direct charitable expenditur6 Administration expenditure 48,955 18,787 48,955 18,787 61,888 20,934 Total 67,742 67.742 82.822 NET IEXPENSEI I INCOME {24,104) 124,1041 83,121 RECONCILIATION OF FUNDS Total funds brought foThiard 352,665 352,665 269,544 TOTAL FUNDS CARRIED FORWARD 328,561 328,561 352.665 The notes fom) part of those financial statements P8ga 8
RSPCA- ESSEX SOUTH WEST BRANCH STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 Total funds 2022 Total Funds Unrestricted funds Restricted funds Notes CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank 2,495 380 329.938 2,495 380 329,938 4,802 196.289 160,355 332.813 332,813 361,446 CREDITORS Arnounls falling due within one year 14,2521 14,2521 18,7811 NET CURRENT ASSETS 328,561 328,561 352,665 TOTAL ASSETS LESS CURRENT LIABILITIES 328,561 328,56fj 352.665 NET ASSETS 328,561 328,561 352,665 FUNDS Unrestricted funds.. General fund TOTAL FUNDS 328.561 352,665 328.561 352,665 The financial statements were approved by the Board of Trustees on 17 June 2024 and were signed on ils behalf by.. Ms S Gillett-Truslee. Treasurer Mr D Andrews-Truslee, Chair The notes form part oflhese financial slatsmonts Page 9
RSPCA- ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICIES General information RSPCA- Essex South Wesl Branch is a charitable unincorporated association registered in the United Kingdom. The address of the registered office is given in the charity information page of the financial slalements. The nature of the charily's operation and principal activities are lo prornole the work and objectives of the Soaety to promote kindness and lo prèvent or suppress cruelty lo animals by all lawFul means, with particular rarOnCe lo the area of the branch in accordance with the policies of the Sociely. Basis of preparing the flnanclal statements The financial slalemenls of the charfly, whi¢h is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their a¢¢ounl$ in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢live 1 January 20191., Finan¢ial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and tho Charities Act 2011. The financial statements have been prèp8red under the historical cost ¢onv&nlion. Going concern The Trusleas assess whèthar the use of going concem is appropriate, i.e. whether there ar& any material uncertainties related lo events or¢onditions that may caslsignificanl doubl on the ability of tha Charity to Continue as a going concem. The Trustees make their assessrnenl in respect of a period of al least one year from the date of aulhorisalion for issuè of the financial ststements. After making appropriate enquiries, the Board of Trustees has a reasonable expeclalion that the Branch has adequate resources to continue in existence for the foreseeable future. Income All income is recognised in the Slalemenl of Flnancial A¢livities once the charity has entitlement lo the funds, il is probable thatthe income TMII be r8¢eived and Ihg amount can be measLJred reliably. Investment income is included in the financial statements when received. Pecuniary legacies are included in the financial statements when the Branch is legally entitled to the income 8nd the amount can be quantified with reasonable accuracy. Online donation income and gift aid is included in the financial slalemenls nel of platform and processlng fees. Expenditure Liabilities are recognised as expenditure as soon as there Is a legal or conslruclive oblallOn committing the charity lo that expenditure, il is probable that a transfer of economi¢ benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditur6 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the ¢alegory. Where costs cannot be directly allributed lo particular headings they have been allocated to activities on a basis ¢onsistenl with the use of resources. Governance costs Governance Costs include costs of the preparation and examinallon of statutory financial statements, the costs of Trustee meellngs and cost of any legal advice to Trustees on governance or conslilulional matters. Taxation The charity Is ex8mpl from tax on its charitable aclivilies. Page 10
RSPCA - ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICIES ICONTINUEDI Fund accounting Unrestricted funds ¢an be used in accordance with the charitable obleclives al the dis¢retion of the Trustees. Restricted funds can only be used for particular reslricled purposès wSlhln the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for parlicular reslricled purposes. Further explanation of the nature and purpose of each fund Is Induded In the nol&s lo the finanal slalements. Debtors and prepayments Debtors are recognised al the settlement amount. Prepayments are valued al th8 amount wapald. Cash at bank Cash at bank includes cash and short term highly liquid investments rith a short maturity of three months or loss. Liabilities Liabilities are recognised when there Is an obligation at the statement of financial position dale as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settl6ment can be estimated reliably. Liabilities are re¢ognised at the amoLJnt that the Branch anticipates il will pay to S6tt16 the debt. Judgements and estimation uncertalnty The preparation of the finan¢lal slalemenls requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as al the financial position dale and the amounts reported in the statement of financial activities during the year. However. the nature of estimation means that actual outcomes could differ from those estimates. The Trustees do not considerthere lo bo any Critical accounting judgements, eslimales or assumptions. 2. INVESTMENT INCOME 2023 Total funds 2022 Total Funds Unrestrlctèd funds Restricted funds NS&I income bonds Bank interest 5,733 464 5.733 464 395 57 6,197 6.197 452 3. TRUSTEES. REMUNERATION AND BENEFITS Therè worg no Trustees, remuneration or other benefits for tho year ended 31 December 2023 nor for the year ended 31 December 2022. Trustee expenses For the year ending 31 Dembttr 2023 there were £53812022.. £931 of Trustees, expenses reimbursfjd to Trustees, whilst acting in their capacity as a Trustee. Page11
RSPCA - ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrèstrfelèd funds Réslrlcted funds Total funds INCOMEANDENDOWMENTSFROM Donations and legacies 127,139 127.139 Charltable actlvltles Fundraising and ¢olltsction tM)X8S Subscriptions Other income Rehoming fe$s Society grant 1,086 400 118 13.530 23,218 1.086 400 118 13.530 23.218 Investment income 452 452 Total 165,943 165.943 EXPENDITURE ON Charltabla actlvitlas Direct charitable expenditure Administration expenditure 61,888 20,934 61,888 20.934 Total 82.822 82,822 NET INCOME 83.121 83.121 RECONCILIATION OF FUNDS Total funds brought fotward 269,544 269,544 TOTAL FUNDS CARRIED FORWARD 352,665 352,665 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 VAT 2.495 4,802 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Accrued expens&s and deferrod InMe 1,293 2.959 8.781 4.252 8.781 Page 12
RSPCA - ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 7. MOVEMENT IN FUNDS Net movement In funds At 111123 At 31112123 Unrestricted funds General fvnd 2.665 124,1041 328,561 TOTAL FUNDS 352,665 (24,1041 328,561 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fund$ Unrestricted funds General fund 43,638 {67,7421 {24,1041 TOTAL FUNDS 43,638 167,7421 {24,1041 Comparatives for movem•nt In funds Net movement in funds At 111122 At 31112122 Unrestricted funds General fund 269,544 83.121 352,665 TOTAL FUNDS 269,544 83,121 352,665 Comparative net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestrlcted funds General fund 165,943 182,8221 83,121 TOTAL FUNDS 165,943 182,8221 83.121 Page13
RSPCA . ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 RELATED PARTY DISCLOSURES The Society. all branches of the Society and affiliated RSPCA anlmal homes and hospitals are considered related parties. The Branch re¢8ives grants and purchases goods and serwces from the Society. In 2023 the value of grants received was £23,094 12022,, £23,218), with £12,128 12022.. £12,128) deducted towards rogional contribution Costs. In 2023 the value of purchases was £1,23312022'. £3,054). The 8ranch also paid £192 {2022: £4,6611 in legacy servic8 adminislr8tion feas to thè Society. Page 14
RSPCA- ESSEX SOUTH WEST BRANCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid LegacAes 2,479 71 {1,5691 3.719 183 123,237 981 127,139 Investment Incom& NS&I income bonds and bank inlertssl 6,197 452 Charitable actlvltles Fundraising and collecting boxes Membership subscriptions Pel insurance commission Rehoming fees Society grant 393 521 92 12,360 . 23,094 1,086 400 318 13,530 23,218 36.460 38,352 Total incoming resources 43.638 165,943 EXPENDrruRE Charltablg a1vItIeS Society regional contributions Vetfjrinaryfees Boarding fees Food, litter, toys, beds etc. 12,128 14,064 21,907 856 12,128 22,381 26,140 1,239 48,955 61,888 Support costs Other Admlnislralion support wages Insurance Fundraising costs IT software Printing. postage and stationery Sundries Travelling expenses Advertising Sociely legacy seNice adminislralion fee Governance costs Independent examination fee Trustee meetings 15.238 598 45 411 413 188 14.710 576 1171 260 107 240 22 62 4.661 22 192 1.500 180 313 18,787 20,934 Total resources oxpended 67.742 82.822 Net {expensel I In¢omo {24,104', 83.121 This page does not form part of the slalulory financial slalemenls. Page15